IT Security & Privacy

At the SEC's roundtable on 24-hour trading, Commissioner Mark Uyeda said technology is no longer the main constraint on overnight trading. He said the open questions concern whether market participants and regulators can manage clearing, settlement, staffing, resiliency, and liquidity risks around the clock. The speech creates no new requirements, but it signals the areas where future rulemaking or supervisory focus is likely, so compliance teams should begin assessing readiness now.

The Cybersecurity and Infrastructure Security Agency (CISA) unveiled an updated cyber incident reporting form Monday, November 9, designed to help federal analysts identify connections between attacks that might otherwise appear unrelated.

Think about how we make decisions in everyday life. We sometimes take shortcuts because they save us time or make things easier. We might leave our front door unlocked because we're only stepping out for a minute, or share our house keys with someone because it's convenient. Most of the time, nothing happens. But that doesn't necessarily mean the decision was safe. The same applies to cybersecurity.

EIOPA's Eurofi article argues that private credit, Asset Intensive Reinsurance (AIR), and ICT third-party dependencies should be assessed together, because their capacity to interact and amplify one another is what creates systemic risk. The article is not a binding rule, but it signals supervisory priorities. Compliance teams should expect closer scrutiny of AIR, illiquid asset exposures, and DORA implementation.

The European Commission has preliminarily found that TikTok breached the European Union's Digital Services Act by failing to adequately assess and address the risks posed by its recommendation algorithm, which regulators say can repeatedly expose users to content involving mental health struggles, eating disorders and body image.

Daekyo had been warned. In August 2024, after hackers exploited vulnerabilities in websites operated by its affiliates, the South Korean education provider received a report of suspicious activity from its security monitoring contractor. The company failed to investigate adequately or close the weaknesses that had allowed the intrusion. Six months later, attackers exploited the same vulnerabilities again.

The Dutch Data Protection Authority (AP) reviewed the Dutch Healthcare Authority's draft Mental Health Care and Forensic Care Regulations (NR/REG-2705a) and issued no comments. The clean review suggests the draft's personal data processing provisions meet the AP's GDPR and proportionality framework. It also shows compliance teams how the AP tests health-related data processing in legislative proposals.